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Post# of 104563
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TedJ

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TedJ

Re: Lowly Public Servant post# 69646

Friday, 02/15/2019 11:58:06 AM

Friday, February 15, 2019 11:58:06 AM

Post# of 104563
"Also royalties will not begin until 2021."

Per the Q:

Amtronics will pay to the Company a royalty on gross sales under the license, including annual minimum royalties beginning in 2021.



Royalties will be paid on gross sales as soon as sales begin (With regard to royalties, we anticipate royalty revenues from the Assam operations will commence during the fourth calendar quarter of 2019 per the Update).

The annual minimum royalty payments beginning in 2021.
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